Chicago, March 9 – Romark CLO Advisors LLC sold $408.8 million in a collateralized loan obligation being issued by Romark CLO - V Ltd., according to a press release.
The notes will mature on Jan. 15, 2035.
The CLO consists of $4 million of class X senior floating-rate notes, $256 million of class A senior floating-rate notes, $48 million of class B senior floating-rate notes, $22 million of class C deferrable mezzanine floating-rate notes, $23.4 million of class D deferrable mezzanine floating-rate notes, $18.6 million of class E deferrable mezzanine floating-rate notes and $36.8 million of subordinated notes.
Romark CLO Advisors LLC will manage the collateral through the end of the five-year reinvestment period.
Collateral for the notes consists of broadly syndicated senior secured corporate loans.
Barclays was the placement agent.
The CLO manager is an affiliate of New York-based investment firm Shenkman Capital Management, Inc.
| Issuer: | Romark CLO - V Ltd.
|
| Issue: | Floating-rate notes and subordinated notes
|
| Amount: | $408.8 million
|
| Maturity: | Jan. 15, 2035
|
| Structure: | Cash flow CLO
|
| Placement agent: | Barclays
|
| Manager: | Romark CLO Advisors LLC
|
| Settlement date: | Dec. 22, 2021
|
|
|
| Class X notes
|
| Amount: | $4 million
|
| Securities: | Senior floating-rate notes
|
| Rating: | Moody's: Aaa
|
|
|
| Class A notes
|
| Amount: | $256 million
|
| Securities: | Senior floating-rate notes
|
| Rating: | Moody's: Aaa
|
|
|
| Class B notes
|
| Amount: | $48 million
|
| Securities: | Senior floating-rate notes
|
| Rating: | Moody's: Aa2
|
|
|
| Class C notes
|
| Amount: | $22 million
|
| Securities: | Deferrable mezzanine floating-rate notes
|
| Rating: | Moody's: A2
|
|
|
| Class D notes
|
| Amount: | $23.4 million
|
| Securities: | Deferrable mezzanine floating-rate notes
|
| Rating: | Moody's: Baa3
|
|
|
| Class E notes
|
| Amount: | $18.6 million
|
| Securities: | Deferrable mezzanine floating-rate notes
|
| Rating: | Moody's: Ba3
|
|
|
| Subordinated notes
|
| Amount: | $36.8 million
|
| Securities: | Subordinated notes
|
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